DAFZA Industrial Zone saw strong growth in the first half of 2018.
DAFZ saw an increase in rental revenues, operation profit and revenues in the first half of 2018.
The company posted an 11% growth in EBID in comparison with the same period of 2017 and a growth of new rental revenues by 27%. The results included a 10% increase in licensing revenues and a 31% increase in revenues from government services, resulting in a total revenue growth of 8% in comparison to 2017 H1.
DAFZA attributed the result to its strategic plan set in early 2017, which was set in line with the objectives of the Dubai Plan 2021. One of the key elements of the plan is to support Dubai in becoming one of the top cities globally that hosts “world-class” free zones.
DAFZA has increased its leasable area by about 43% compared to 2017, with a 63% growth in warehouses and 29% increase in office space.
DAFZA experienced particularly strong growth from DAFZA Industrial Park, its first expansion project outside DAFZA’s boundaries located in Al Qusais Industrial Area. This part witnessed an occupancy rate of 82% during the first half of this year.
DAFZA achieved a solid 15% growth in the number of registered companies over the same period in 2017, providing the ideal environment for attracting more foreign investors, long-term investment, business activity and development as well as world-class infrastructure, services and logistics facilities.
A 5% increase was also seen in the number of multinational companies at DAFZA, which is a direct result of the high-quality services provided by DAFZA that enable businesses to expand in the Middle East, Africa and Central Asia markets and explore the high investment opportunities in the region.
The first half of 2018 also saw an increase in the number of registered SMEs, which rose by 17%.
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